The North America Walking Aids Market would witness market growth of 5.1% CAGR during the forecast period (2019-2025). According to figures released by the World Bank in 2019, about 15% of the world's population and 20 to 25% of the aging population are presently suffering from some form of disability and are anticipated to increase in the future. Enhanced accessibility and increased social acceptance are also described as the driving factors for this market.
In addition, the presence of disabled people in the workforce by walking aids and an increase in the number of obese people is also assumed to boost the market demand for walking aids. There is an increasing demand for more efficient, sustainable, and cost-effective walking aid in the market. Nevertheless, the emergence of a demand for refurbished products and price pressures can be a significant restraining factor in the growth of the overall market.
The walking aid market is set to enlarge even further over the estimation years. Advances in medical care, as well as increased care for people with disabilities in general, can also explain the continued rise in coverage. Enhanced safety from walking aid can also be associated with the growth of the sector. Until very recently, there were very little efforts to prevent people with disabilities from selling walking aids. It meant that many individuals had purchased aids that were not fit for purpose or that were unsuitable to the needs of the person. Nevertheless, the government has intervened and, following an official investigation by the Fair Trading Office, the market is now heavily regulated.
Based on Type, the market is segmented into Rollators, Walkers and Others. Based on Rollators Type, the market is segmented into Premium and Low Cost. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Walking Aids Market in North America is expected to register a CAGR of 5.1% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Benmor Medical Ltd., Human Care AB, Briggs Healthcare Corporation, Compass Health Brands Corporation (Carex Health Brands), Eurovema Mobility AB, Topro Industrie AS, Evolution Technology, Inc., GF Health Products, Inc., and Karman Healthcare.
Market Segmentation:
By Type
By Rollators Type
By Country
Companies Profiled
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